Pt Solusi Sinergi Digital Tbk · IDX:WIFI
Pt Solusi Sinergi Digital Tbk — 1H 2026 Earnings Presentation
18 slides from Pt Solusi Sinergi Digital Tbk's earnings presentation, Aug 5, 2026
Slide 1: 1H 2026 Results Earnings Call
SURGE PT Solusi Sinergi Digital Tbk | IDX: WIFI 1H 2026 Results Earnings Call From Infrastructure Build-out to Asset Monetisation August 5, 2026 | Jakarta | Shannedy Ong, Director
Slide 2: Disclaimer
IMPORTANT NOTICE Disclaimer This presentation has been prepared by PT Solusi Sinergi Digital Tbk (“SURGE” or the “Company”, IDX: WIFI) solely for use at its 1H 2026 analyst and investor call. All financial figures are unaudited and have not been reviewed by an independent public accountant, consiste
Slide 3: Triple-digit growth in revenue and EBITDA
1H 2026 AT A GLANCE Triple-digit growth in revenue and EBITDA REVENUE EBITDA¹ EBITDA MARGIN IDR 1.57 Tn IDR 948.9 Bn 60.4 % +206% YoY +117% YoY Held above 60% NET PROFIT BLENDED ARPU² BROADBAND SUBSCRIBERS IDR 496.8 Bn IDR 70 K / month 2.3 Mn FTTH + FWA +118% YoY 2Q26 +518% YoY Telecommunications no
Slide 4: Recurring connectivity now dominates the revenue mix
THE TRANSITION Recurring connectivity now dominates the revenue mix 1H 2026 81.6% 7.1% 11.3% 82% of revenue is now telecommunications, up from ~55% a year ago. Why it matters 1H 2025 54.6% 45.4% 0.0% Project revenue is high-margin but lumpy. Subscription revenue is recurring, predictable, and compou
Slide 5: 1H 2026 financial summary (unaudited)
FINANCIAL RESULTS 1H 2026 financial summary (unaudited) IDR billion 1H 2025 1H 2026 Change Revenue 513.4 1,570.9 +206% Telecommunications 280.4 1,281.3 +357% Trading – 177.7 n.m. Parent NPAT grew +45% The gap to consolidated growth reflects NTT Advertising 233.1 111.9 −52% East’s 49% interest in WEA
Slide 6: 2Q 2026: the growth engine accelerated
QUARTERLY MOMENTUM 2Q 2026: the growth engine accelerated 691 590 503 +17% telco revenue QoQ 446 +13% EBITDA QoQ 256 +6% net profit QoQ 241 Consolidated revenue was flat QoQ — telecommunications growth fully offset planned declines in trading (−58%) and advertising (−37%). The engine that matters is
Slide 7: EBITDA margin held above 60% through the scale-up
PROFITABILITY EBITDA margin held above 60% through the scale-up Why the margin moved from 85% — and why that is the plan 60.4% Mix shift, not cost slippage. Retail telecommunications carries structurally lower margins than infrastructure project revenue — but it is recurring and far more predictable
Slide 8: Product-mix shift explains the margin normalization
INSIDE THE TELCO SEGMENT Product-mix shift explains the margin normalization FTTH is now 75% of telco revenue, up from 46% 1H 2026 75.3% 22.9% 1.9% a year ago. Core lease wound down by design. Dark fiber once leased to third parties is being redeployed for internal use — powering managed capacity an
Slide 9: Scale established — focus shifts to monetisation
SUBSCRIBERS AND ARPU Scale established — focus shifts to monetisation FWA Ramp: First Full Commercial Quarter HOMECONNECT FTTH 513 1.85 Mn subscribers +377% YoY · +9% QoQ HOMECONNECT FWA 209 513 K subscribers ≈303.6K net adds in 2Q26 · +145% QoQ BLENDED ARPU (2Q26) Launch 31-Mar-26 30-Jun-26 IDR 70
Slide 10: The build behind the subscribers
OPERATIONAL ACHIEVEMENTS The build behind the subscribers FTTH — Starlite FWA — IRA HOMES PASSED HOMECONNECT SUBS¹ RAN SITES ON-AIR HOMECONNECT SUBS¹ 3.0 Mn 1.85 Mn 902 sites 513 K +0.3Mn added in 2Q26 +377% YoY From 590+ at end-1Q26 First full quarter Post period-end momentum: FWA sites on-air have
Slide 11: FWA: a faster, lighter path to connecting Indonesia
FIXED WIRELESS ACCESS FWA: a faster, lighter path to connecting Indonesia 1 2 3 4 1.4 GHz spectrum secured Commercial launch 513K subscribers Efficiency ramp ahead Winner of the BWA auction for IRA-branded 5G FWA service ≈303.6K net additions in the first full Unit economics improve with Regional I
Slide 12: Five products, one deliberate ladder
PRODUCT PORTFOLIO Five products, one deliberate ladder IRA Starlite Starlite Prime Starlite Combo Starlite Super 5G FWA FTTH FTTH FTTH + FWA FTTH · Wi-Fi 7 100 Mbps 200 Mbps 500 Mbps Prime + IRA 2 Gbps IDR 100K /mo IDR 100K /mo IDR 168K /mo IDR 200K /mo IDR 250K /mo IDR 1,000/Mbps IDR 500/Mbps IDR 3
Slide 13: Price vs speed: Super owns uncontested white space
COMPETITIVE POSITIONING Price vs speed: Super owns uncontested white space IDR 700k Biznet Gamers 400 IDR 600k White space: no mainstream Biznet 2D 325 residential player publicly lists The Surge value frontier MyRepublic GG 150 a 2 Gbps tier — nearest published plan is 400 Mbps at IDR 500k IDR 700k
Slide 14: Well-capitalised through the investment phase
BALANCE SHEET AND FUNDING Well-capitalised through the investment phase CASH AND EQUIVALENTS NET DEBT 1H26 CAPEX IDR 8.29 Tn IDR 1.61 Tn IDR 1.18 Tn As at 30 June 2026 0.85x annualised EBITDA +7% YoY — network expansion Funding in the half — and after it ≈IDR 5.0 trillion of bond and sukuk proceeds
Slide 15: Optimizing capital structure— coverage stays comfortable
INDEBTEDNESS Optimizing capital structure— coverage stays comfortable IDR billion Dec 31, 2025 Jun 30, 2026 NET DEBT / EBITDA DEBT / EQUITY Bank and other loans 2,473.7 2,340.4 0.85 x 1.1 x Bonds and sukuk 2,548.7 7,551.2 Healthy leverage Strong equity support Total borrowings 5,022.4 9,891.6 EBITDA
Slide 16: Strategic foundations that de-risk the build and fund the future
STRATEGIC MILESTONES Strategic foundations that de-risk the build and fund the future NTT East — 49% of WEAVE (2025) 1.4 GHz spectrum — Regional I (Nov 2025) Global strategic partner in the FTTH platform, bringing capital, TKP designated auction winner for Java, Maluku and Papua, operating expertise
Slide 17: 2H 2026: three priorities, one direction
OUTLOOK 2H 2026: three priorities, one direction 1 2 3 Utilisation ARPU FWA efficiency Raise utilisation of the network already built — Migrate subscribers up the speed ladder — Scale radio-sector utilisation to improve FWA penetration and retention across the 1.85Mn Prime and Super widen the moneti
Slide 18: Q&A
Q&A The build-out earned us scale. The second half is about earning on the scale. Investor Relations Olivia Simon · +62 812-1200-9696 · investor.relations@surge.co.id | corporate@surge.co.id Corporate Secretary and Media Communications Elizabeth A. Shellyane · +62 821-2561-0930 · investor.relations@
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